H.R. 6698, The Preventing Student Loan Discrimination Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6698 would provide for nondiscrimination by eligible lenders in the Robert T. Stafford Federal Student Loan Program.

Detailed Summary

Preventing Student Loan Discrimination Act - Amends the Higher Education Act of 1965 to prohibit lenders under the Federal Family Education Loan (FFEL) program from receiving special allowance payments (made to such lenders to compensate them for the difference between FFEL interest rates and market rates) if they deny FFELs to eligible borrowers because of their education program length or attendance at a particular school participating in the FFEL program.

Status of the Legislation

Latest Major Action: 7/31/2008: Referred to House committee. Status: Referred to the House Committee on Education and Labor.

Points in Favor

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Points Against

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